Vision 2030


Saudi Government Aims for $57 Billion Growth in Mortgage Industry by 2020, Report Says

Saudi Arabia’s housing ministry has set a target for the mortgage market to reach a total value of 502 billion riyals ($134 billion) by 2020 from a current 290 billion riyals ($77.3 billion), according to a report in Reuters which cited the Kingdom's minister of housing Majed al-Hogail.


Major Leap for Saudi Economy as Kingdom Set to Introduce Bankruptcy Laws

Saudi Arabia’s first international debt issuance since 1991 was oversubscribed, a good sign for the Kingdom's intentions to build a borrowing profile.
Saudi Arabia’s cabinet has approved a bankruptcy law that is likely to be a boost to the Kingdom's efforts to attract investment and provide protection for entrepreneurs, according to reports. King Salman has reportedly endorsed the new law.

latest headlines